{"id":582545,"date":"2024-10-02T08:47:14","date_gmt":"2024-10-02T08:47:14","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=582545"},"modified":"2024-10-02T08:47:14","modified_gmt":"2024-10-02T08:47:14","slug":"bitcoin-tumbles-oil-surges-as-israel-vows-revenge-for-iran-missile-attack-dampening-uptober-optimism","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-tumbles-oil-surges-as-israel-vows-revenge-for-iran-missile-attack-dampening-uptober-optimism","title":{"rendered":"Bitcoin Tumbles, Oil Surges As Israel Vows Revenge For Iran Missile Attack, Dampening Uptober Optimism"},"content":{"rendered":"<p><a href=\"https:\/\/insidebitcoins.com\/news\/ohio-crypto-bill-would-allow-citizens-to-pay-taxes-using-bitcoin-and-other-digital-assets\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> slumped and oil prices surged as Israel vowed to make Iran pay for a missile attack, dampening Uptober optimism amid escalating hostilities in the Middle East.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\"><span style=\"font-weight: 400;\">tumbled<\/span><\/a><span style=\"font-weight: 400;\"> more than 3% in the past 24 hours to trade at $61,672.54 as of 2:40 a.m. EST as the overall crypto market plunged 4.2% to a market capitalization of $2.17 trillion, according to CoinMarketCap.&nbsp;<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/dgap.org\/sites\/default\/files\/styles\/dgap_content_large\/public\/imago0307518702h_web.jpg?itok=kw606DWc\" alt=\"Germany's Support of Israel Needs to Lead to Strategic Action | DGAP\"><\/p>\n<h2><span style=\"font-weight: 400;\">Israeli Prime Minister Says Iran &ldquo;Will Pay&rdquo; For Missile Attack<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Iran fired about 200 ballistic missiles at Israel yesterday at around 7:30 p.m. local time, just hours after the US warned of an impending attack. Many of the missiles were intercepted, according to Israel&rsquo;s Defense Forces.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;Iran made a big mistake tonight, and it will pay for it,&rdquo; said Prime Minister Benjamin Netanyahu during a meeting with his security cabinet. In the following hours, the Israeli Defense Forces launched a counter strike against <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/controversy-erupts-as-ethereums-vitalik-buterin-defends-hezbollah-betting-markets-on-polymarket\"><span style=\"font-weight: 400;\">Hezbollah<\/span><\/a><span style=\"font-weight: 400;\"> targets in Lebanon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price of oil surged over 5% amid concerns over supply disruptions. Gold prices also rose 1.4% yesterday to reach $2,665 per ounce as investors retreated to the financial safe haven amid escalating tensions in the Middle East. The price of Gold has since undergone a slight <\/span><a href=\"https:\/\/goldprice.org\/gold-price-chart.html\"><span style=\"font-weight: 400;\">correction<\/span><\/a><span style=\"font-weight: 400;\"> to stand at $2,648.76.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Uptober Optimism Takes A Hit<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">October has historically been a bullish month for the crypto market. Favorable macroeconomic conditions and the positive September close by Bitcoin this year had elevated market optimism, with several analysts forecasting that cryptos would perform well in the final months of the year.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Crypto Fear &amp; Greed Index Now : 42 (Fear)<a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\">#btc<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/t.co\/X03DF4hSE5\">pic.twitter.com\/X03DF4hSE5<\/a><\/p>\n<p>&mdash; Crypto Candy&#128293;&#128142; (@cryptocandy24x) <a href=\"https:\/\/twitter.com\/cryptocandy24x\/status\/1841292652530241541?ref_src=twsrc%5Etfw\">October 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Over the past 24 hours, however, bulls took a knock. In addition to BTC&rsquo;s 3% fall, altcoin leader Ethereum (ETH) saw its price plunge over 6%, while t<\/span><span style=\"font-weight: 400;\">he rest of the top 10 cryptos all suffered losses.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/pepe-unchained-ico-blasts-past-16-5m-amid-l2-sneak-peek-and-whale-fomo\"><span style=\"font-weight: 400;\">Pepe Unchained ICO Blasts Past $16.5M Amid L2 Sneak Peek And Whale FOMO<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/top-meme-coins-to-invest-in-today-october-1-spx6900-bone-shibaswap-non-playable-coin\"><span style=\"font-weight: 400;\">Top Meme Coins To Invest In Today, October 1 &ndash; SPX6900, Bone Shibaswap, Non Playable Coin<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/us-spot-bitcoin-etfs-extend-net-inflow-streak-to-8-days-with-another-61-3-million-on-monday-as-blackrock-leads\"><span style=\"font-weight: 400;\">US Spot Bitcoin ETFs Extend Net Inflow Streak To 8 Days With Another $61.3 Million On Monday As BlackRock Leads<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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